Donald Trump Says $454M Bond Could Force Real Estate Fire Sale: ‘ELECTION INTERFERENCE’
Donald Trump,Trump Organization,Fraud,Business,Justice,Trump Indictments,Banking And Finance
Former President Donald Trump said Tuesday that the $454 million bond required to appeal the civil fraud judgment against him could force a fire sale of his real estate.
New York Attorney General Letitia James’ prosecution of Trump essentially tries to bankrupt the president. Trump must post a liquid (cash, securities) bond covering the full amount of the judgment to pause enforcement of the judgment, but 30 surety companies told Trump they would not accept real estate assets as collateral, Trump’s lawyers said Monday. The enforcement will begin on March 25.
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